The LATAM Airlines Group has finalised the sale of its shares in Mexican cargo carrier Mas Air for an undisclosed amount.
LATAM said in April it had reached an agreement to sell its stake in the Mexico City-based carrier to a group led by the current shareholders of the company.
Mas Air operates a fleet of Boeing 767 freighters between Mexico and cities in North, South and Central America.
LATAM said in a statement: “In accordance with the communication of April of the current year, LATAM Airlines Group announces that has finalized today the sale transaction of its participation in the Mexican company Aerotransportes Mas de Carga, S.A. de C.V. (“Mas Air”) to a group led by current shareholders of the above-mentioned company.
“As of December 1, Mas Air will be fully independent from the LATAM Airlines Group. The transaction amount is not considered material for LATAM Airlines Group.”